The growth of the global pharmaceutical packaging equipment industry is driven by the rapidly growing generic and biopharmaceutical markets, growth in OTC drug sales, rising need for flexible and integrated packaging equipment, increased offshore manufacturing in the pharmaceuticals market, and the introduction of regulatory standards on packaging and stringent norms against counterfeiting.
The global Pharmaceutical
Packaging Equipment Market
size is projected to reach USD 10.4 billion by 2025 from USD 7.3 billion in
2020, at a CAGR of 7.4% from 2020 to 2025.
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Market
Segmentation:-
On the basis of product, the pharmaceutical packaging
equipment market is segmented into primary packaging equipment, secondary
packaging equipment, and labeling and serialization equipment. In 2019, the
primary packaging equipment segment accounted for the largest share of the
pharmaceutical packaging equipment market. The main function of primary
packaging is to restrict climatic, chemical, or biological hazards that cause
deterioration. The rising need for the aseptic filling and sealing of drug
molecules into sterile containers and the increasing demand for parenteral vials
and prefillable syringes are supporting the growth of this segment.
Based on type, the Pharmaceutical Packaging Equipment
Industry is segmented into liquid, solid, semi-solid, and other packaging
equipment. In 2019, the liquid packaging equipment segment accounted for the
largest share of the pharmaceutical packaging equipment market, followed by
solid and semi-solid packaging equipment segments.
Key Market Drivers: -
1 High growth in the generics and
biopharmaceuticals markets
2 Growing need for flexible and
integrated packaging equipment
3 Increase in offshore pharmaceutical
manufacturing
Regional
Analysis:-
Geographically, the Pharmaceutical Packaging Equipment
Industry is segmented into North America, Europe, the Asia Pacific, Latin
America, and Middle East & Africa. Growth in the European market is driven
majorly by the high pharmaceutical production, increasing demand for flexible
packaging equipment by major pharmaceutical manufacturers, and the rising focus
on product diversification by companies, driving the demand for innovative
packaging equipment.
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Key Players:-
The prominent players in this market are Syntegon
Technology (Germany), IMA S.p.A. (Italy), Körber AG (Germany), Uhlmann Group
(Germany), OPTIMA Packaging Group (Germany), Romaco Holding (Germany),
Marchesini Group (Italy), ACG Worldwide (India), Coesia S.p.A. (Italy) and
MULTIVAC Group (Germany).
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